BrokersView has found that CTForex appears to be a scam CTForex claims that CTForex LTD is registered in Saint Lucia and holds a valid trading license. While we did locate the company in the Saint Lucia International Financial Centre (IFC) registry, it is crucial to understand that this registration only grants International Business Company (IBC) status, it does not constitute a financial services or forex trading license. The Saint Lucia IFC does not regulate forex brokers or issue trading authorizations. Additionally, CTForex states it maintains a physical presence in Poland. However, our verification with the Polish Financial Supervision Authority (PFSA) confirmed that CTForex LTD is not listed in its register of authorized financial institutions. This means the platform has no legal authorization to operate as a broker in Poland. CTForex is in essence unlicensed by any regulator. Therefore, it appears to be a scam.

Can you verify CTForex platform's license? Dear Investor, CTForex claims that CTForex LTD is registered in Saint Lucia and holds a valid trading license. While we did locate the company in the Saint Lucia International Financial Centre (IFC) registry, it is crucial to understand that this registration only grants International Business Company (IBC) status, it does not constitute a financial services or forex trading license. The Saint Lucia IFC does not regulate forex brokers or issue trading authorizations. Additionally, CTForex states it maintains a physical presence in Poland. However, our verification with the Polish Financial Supervision Authority (PFSA) confirmed that CTForex LTD is not listed in its register of authorized financial institutions. This means the platform has no legal authorization to operate as a broker in Poland. In reality, CTForex holds no legitimate regulatory license from any recognized authority, leaving client funds completely unprotected. Given these serious red flags, we strongly advise you to avoid trading with CTForex. View Source